Exelon Corporation (EXC)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		—	—	—	1.83	1.52	2.18	2.77	3.56	3.79	2.64	2.65	2.54	2.24	2.28	2.31	2.47	3.30	5.11	6.59	7.42
Number of days of payables	days	—	—	—	199.83	240.91	167.65	131.91	102.40	96.20	138.17	137.60	143.52	162.62	160.29	158.02	147.73	110.61	71.50	55.38	49.21

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Exelon Corp.'s number of days of payables has shown some fluctuation over the past eight quarters. In Q4 2023 and Q3 2023, the company took approximately 126 days to pay its payables, indicating a relatively stable payment period during this time. However, in Q2 2023, the payment period increased to 134 days, suggesting a slight delay in settling its obligations.

Furthermore, in Q1 2023, the number of days of payables further extended to 158 days, signifying a notable increase in the time taken by Exelon Corp. to pay its bills. This could potentially indicate liquidity challenges or difficulties in managing its working capital efficiently during that quarter.

Comparing these recent figures to the previous quarters, it is evident that Q4 2022 had a significantly higher number of days of payables at 198 days, indicating a prolonged payment period and possibly slower cash conversion cycle during that period. In contrast, Q3 2022, Q2 2022, and Q1 2022 had relatively lower numbers of days of payables, implying that the company managed to pay its payables more promptly during those quarters.

Overall, monitoring Exelon Corp.'s number of days of payables provides insights into the company's payment practices and efficiency in managing its accounts payable. It is essential for stakeholders to track these trends to assess the company's liquidity position, working capital management, and overall financial health.